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19/04/2008 22:15:32
Malaysia moves to boost food security, fight prices
Malaysia announced a $1.3 billion-plan on Saturday to boost food security by building stockpiles, raising rice output and reining in inflation.
Prime Minister Abdullah Ahmad Badawi said the government would ensure the country was self-sufficient in rice, a staple food for its 27 million people. A third of Malaysia's rice needs of over two million tonnes a year is now met by imports.
Across the globe foods from bread to milk have become more expensive and in some countries helped fuel inflation and shortages.
The higher cost of living was cited as one of the reasons for a huge setback for Malaysia's ruling coalition setback in last month's general election.
Abdullah said the government would turn the eastern Sarawak state on Borneo island into a major rice producer through large-scale farming.
"We will provide some allocation for that purpose," the state Bernama new agency quoted him as telling reporters. He did not say how much of the 4 billion ringgit ($1.27 billion) budget would be used for rice farming.
Prime Minister Abdullah Ahmad Badawi said the government would ensure the country was self-sufficient in rice, a staple food for its 27 million people. A third of Malaysia's rice needs of over two million tonnes a year is now met by imports.
Across the globe foods from bread to milk have become more expensive and in some countries helped fuel inflation and shortages.
The higher cost of living was cited as one of the reasons for a huge setback for Malaysia's ruling coalition setback in last month's general election.
Abdullah said the government would turn the eastern Sarawak state on Borneo island into a major rice producer through large-scale farming.
"We will provide some allocation for that purpose," the state Bernama new agency quoted him as telling reporters. He did not say how much of the 4 billion ringgit ($1.27 billion) budget would be used for rice farming.
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